How do I change the default mortgage monthly payment categories?

Michael D'Amore

I set up my mortgage initially with 5 categories (the ones that show under Monthly Payment in your mortgage account). I now use different category names. When the monthly payment registers with my lender, what I get in Quicken is still the 5 original category names. I have to manually change them each month. So I want to change the defaults.

Tom Young

Yes, of course.  You're only changing the Categories assigned to line items.  This has nothing to do with how the dollar amounts are calculated.

Tom Young

Go to the loan Account, click on "Edit" next to "payment details", click "Edit loan reminder", click on the word "Split", click on the double headed arrow, then make your changes.  Then OK, OK, Done, OK.

Michael D'Amore

Will the allocations stay apportioned like they currently are?

Tom Young

Yes, of course.  You're only changing the Categories assigned to line items.  This has nothing to do with how the dollar amounts are calculated.

Michael D'Amore

Thanks Tom. That's what I figured but there's a lot at stake. I have records dating back to 1997. Thanks again. Mike